- Analytics
- News and Tools
- Market News
- USD Index: A recovery to the 107.00 highs looks more likely than another material correction – ING
USD Index: A recovery to the 107.00 highs looks more likely than another material correction – ING
The US Dollar struggles to build on Tuesday's impressive gains. Economists at ING analyze Greenback’s outlook.
High US yields make the Dollar an expensive sell
The US data calendar is quiet today, with new home sales the only highlight. There will be some focus on a speech by Federal Reserve Chair Jerome Powell, although he may not discuss monetary policy.
With markets having seen a modest reaction to geopolitical risk and high US yields making the Dollar an expensive sell, a recovery in DXY to the 107.00 highs looks more likely than another material correction for now.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
